Land Bank seals remittance tie-up with Italy's Banca Popolare di Sondrio

Thursday 14th of June 2012

MANILA, June 14 (PIA) -- The Land Bank of the Philippines recently sealed a remittance business partnership with the Banca Popolare di Sondrio (BPS) of Italy to better serve and respond to the fund transfer needs of Overseas Filipinos based in that country.

The partnership will allow our overseas Pinoys and other remitters to send funds directly to the Philippines through the BPS' more than 200 branches, Land Bank said in a statement.

In a ceremony held recently at the BPS Head Office in Sondrio, Italy, Land Bank President & CEO Gilda E. Pico and Executive Vice President for Institutional Banking Cecilia C. Borromeo signed the remittance agreement with BPS International Division Head and Deputy General Manager Mario Erba and Mr. Maurizio Zucchi of the BPS International Division.

"Land Bank continues to strengthen its overseas network through strategic partnerships with remittance partners. We are thus pleased to tie up with Banca Popolare di Sondrio as this will allow us to better reach out and address the needs of Overseas Filipinos in Italy," Pico said.

Also in attendance were Philippine Ambassador to Italy Virgilio Reyes Jr. and Milan Consul General Lourdes Tabamo, other members of the diplomatic community, officers and members of the Filipino community, and Land Bank's partner government and private agencies in Italy.

In his speech during the ceremony, Ambassador Reyes lauded both Land Bank and BPS for this agreement that helps strengthen existing links of the Filipino community with their hometowns and families. Moreover, he said that this new business endeavor is a reflection of both bank's understanding and caring for their clients. (LB/RJB/JCP-PIA NCR)